Do you remember the many promises your President made during his election campaign trail? Well, let us remind you about one such promise Joe Biden made in October 2019. He had then said, “No one in my family will have an office in the White House, will sit in on meetings as if they are a cabinet member, will, in fact, have any business relationship with anyone that relates to a foreign corporation or a foreign country.”
Well, we want to take only one name in response to senior Biden’s old promise- Hunter Biden. Fox News has revealed that even though his father has been in office for 100 days now, Hunter still owns a stake in a Chinese private equity firm. As per the business records reviewed by Fox News, Hunter Biden continues to hold a 10% stake in Chinese private equity firm Bohai Harvest RST Equity Investment Fund Management Co. (BHR Partners), via Hunter’s Skaneateles LLC.
The Biden administration itself doesn’t deny the Fox News report. When the media house sought a comment over Hunter’s stake in the Chinese company, a White House official pointed to a February remark by spokesperson Jen Psaki.
“He has been working to unwind his investment, but I would certainly point you — he’s a private citizen,” Psaki had said at the time. Psaki had also said, “I would point you to him or his lawyers on the outside on any update.”
However, his own son Hunter Biden has exposed his big fat lie as it has now been revealed that he has stakes in many Chinese companies. What is even more shocking is that BHR Partners is no ordinary private equity firm. This fund was actually founded in 2013 by Bohai Industrial Investment Fund Management Co., Ltd., which is itself controlled by the Bank of China, one of the four biggest Chinese State-owned commercial banks.
So, let us get this straight- the son of US President Joe Biden owns a 10 per cent stake in a Chinese private equity firm, which was founded by a company controlled by a leading Chinese State-owned commercial bank. This revelation is all the more shocking because it comes at a time when rising Chinese hegemony is challenging American leadership.
Meanwhile, the White House is being too casual in its approach. The Biden administration cannot simply skirt around the contentious issue, by arguing that Hunter is a private citizen. Did Joe Biden not know that his son is a private citizen when he was making big electoral promises? Why did Biden make an irrelevant promise in October 2019 and if Biden cannot make prudent promises, why should Americans trust him at all?
Also, the Democrats cannot de-politicise Hunter’s investments. The Democrats themselves started the culture of invading into the personal lives of the President’s relatives. The Democrats and their friends in the American liberal media were the ones who derided Melania Trump, the former First Lady of the US.
In fact, foreign investments made by Trump’s son-in-law Jared Kushner too were politicised by the Democrats. Now, they cannot simply sidestep Hunter’s investments with an extremely lame excuse. Hunter Biden’s business profile is thus proving that his father’s grand electoral declaration was a big fat lie.